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REM - RemSense Technologies

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RemSense Technologies is a company that has been operating since 2012 (originally trading as Altitude Imaging).

In 2018, the Company expanded to providing engineering solutions built upon its core technical knowledge in remote sensing and imaging both in the air and on the ground. In the same year the Company rebranded as "RemSense" to better reflect the broader activities and technology focus of the business.

RemSense operates as three business units:

(a) Engineering and Innovation – provision of engineering services to solve unique problems or develop new technology for clients to improve productivity, reduce risks and lower costs.

(b) Data Capture and Insights – provision of data, analytics and related solutions derived from both aerial and terrestrial based scanning and imaging platforms to reduce costs, improve productivity and make better informed decisions.

(c) Virtual Plant – a productive and scalable photographic fabric environment that enables visual information from remote or distributed assets to be securely available to all users using existing hardware (desktop or mobile).

The Company currently generates revenue through the provision of services within its engineering and innovation, and data capture and insights business units.

In addition, the Company is now positioned to commence additional revenue generation f rom the further development and release of its Virtual Plant product.

Currently Virtual Plant has one customer and thus represents a very small share of the Company's existing revenues. The Company’s plan is for Virtual Plant to be a significant driver for new business and growth over the next few years.

It is anticipated that REM will list on the ASX during October 2021.

 

Dona Ferentes

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Listing date12 October 2021 2:00 PM ##
Company contact details Ph: +61 8 6118 5610
Principal ActivitiesCommercialisation of Virtual Plant and technology and engineering services
GICS industry groupTBA
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codeREM
Capital to be Raised$5,000,000
Expected offer close date 01 October 2021
UnderwriterNot underwritten. Mac Equity Partners (Internat.) Pty Ltd (Lead Manager)
 
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